DUBLIN, March 13, 2024 /PRNewswire/ — The “Flavoured Milk Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis” report has been added to ResearchAndMarkets.com’s offering.
Flavoured Milk Market Booms with Predicted Growth to US$ 83.63 Billion by 2030, Revealing Latest Industry Trends and Insights
The Flavoured Milk Market has made significant strides, positioning itself as a robust segment within the beverage industry, with a forecasted value of US$ 83.63 billion by 2030. Recognizing this upward trend, a comprehensive new research publication has been added to an esteemed collection, offering a detailed exploration of the market’s dynamics. This current study provides an extensive analysis of the industry trends, market share, growth momentum, and the inevitable impact of inflation.
Dynamic CAGR Showcases Industry Momentum
The global market for flavoured milk is estimated to expand with a CAGR of 7.18% during the period between 2024 and 2030. Factors such as an upsurge in demand for lactose-free and convenient beverage options have been instrumental in shaping the market trajectory. With an informed focus on health and wellness, consumers are gravitating towards these flavoured nutritional beverages.
Rise of Lactose-free and Health-Conscious Trends
There is an observable shift in consumer preferences favoring lactose-free products, which is propelling market growth. Innovations in the industry have also introduced functional ingredients, thus catering to a more health-conscious consumer base and boosting the flavoured milk market’s potential.
Low-Sugar and Fat-Free Varieties Appeal to a Broad Demographic
The availability of low-sugar and fat-free flavoured milk caters to the diabetically inclined and health-aware populace. The presence of essential protein aid in muscle building, positioning flavoured milk as an ideal post-exercise recovery beverage, which augments its demand globally.
Emergent Economies Spearheading Growth
Emerging economies like India and China, with their mounting per capita income, are significant contributors to the growth of the flavoured milk market, particularly in the Asia Pacific region. Product innovation and attractive packaging designed for the youth demographic are pivotal elements fueling market expansion.
Sustainable Packaging Trends and Diverse Distribution Channels
Paper-based packaging is gaining traction in the flavoured milk market, appealing to the growing eco-conscious sentiment. Meanwhile, distribution channels such as supermarkets and hypermarkets dominate sales due to the diverse selection and convenience they offer consumers.
Key Regional Markets and Leading Players
- Asia Pacific dominance is expected to continue, stimulated by the high demand for nutritious milk products and remarkable dairy production advancements, as seen in India’s rising milk output.
- North America and Europe also represent significant portions of the market, following closely with their innovative product offerings and mature consumer bases.
- Latin America, the Middle East & Africa reflect potential growth regions with untapped opportunities.
Industry Leaders Set the Pace
Top industry players, including global giants like Danone SA., Arla Foods, Saputo Inc., The Hershey Company, Fonterra Co-operative Group, Nestle S.A., Meiji Holdings Co. Ltd, and Amul Industries Pvt Ltd, continue to influence the market with strategic developments and revenue growth. This latest analysis underscores the potential and progression of the flavoured milk industry while highlighting the catalysts propelling its expansion. The in-depth report is poised to benefit stakeholders seeking to understand the complexities of the flavoured milk market and the opportunities that lie ahead.
Company Analysis: Business Overview, Recent Developments, Revenue Analysis
- Danone SA.
- Arla Foods
- Saputo Inc.
- The Hershey Company
- Fonterra Co-operative Group
- Nestle S.A.
- Meiji Holdings Co. Ltd.
- Amul Industries Pvt Ltd.
Type – Global Flavoured Milk Market breakup in 3 viewpoints:
- Long-Life Flavoured Milk
- Fresh Flavoured Milk
- Other Flavoured Milk
Flavoured Type – Global Flavoured Milk Market breakup in 4 viewpoints:
- Vanilla
- Chocolate
- Fruits
- Others
Application – Global Flavoured Milk Market breakup in 4 viewpoints:
- Powder
- Premix
- Fresh
- Others
Packaging Type – Global Flavoured Milk Market breakup in 5 viewpoints:
- Paper Based
- Plastic Based
- Glass Based
- Metal Based
- Others
Distribution Channel – Global Flavoured Milk Market breakup in 4 viewpoints:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Others
Countries – Global Flavoured Milk Market breakup in 25 viewpoints:
- North America
- United States
- Canada
- Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherland
- Turkey
- Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Malaysia
- Indonesia
- Australia
- New Zealand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
For more information about this report visit https://www.researchandmarkets.com/r/w6kqli
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